Enterprise File Synchronization and Sharing (EFSS) is a software that enables users to securely synchronize and share files across devices and platforms, both within an organization and with external partners. EFSS solutions are typically delivered as a cloud service, although some vendors offer on-premises and hybrid deployment options.
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EFSS solutions address a number of key enterprise needs, including file collaboration, BYOD support, content synchronization, and mobile access to corporate data. They also provide a number of security and compliance features, such as data encryption, user authentication, and granular access controls.
Key Trends
The key trends in Enterprise File Synchronization and Sharing (EFSS) technology are:
The move to the cloud: Many EFSS vendors are now offering cloud-based solutions, which offer greater flexibility and scalability than on-premises solutions.
The rise of mobile: With the proliferation of smartphones and tablets, more and more users are accessing their files on the go. EFSS solutions need to be able to support mobile devices.
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The need for security: As businesses store more and more sensitive data in the cloud, security is becoming a key concern. EFSS solutions need to offer robust security features to protect data.
The growth of collaboration: With more and more businesses working with partners and clients located around the world, the need for collaboration features is growing. EFSS solutions need to offer tools such as real-time editing and commenting to facilitate collaboration.
Key Drivers
There are a few key drivers of the Enterprise File Synchronization and Sharing (EFSS) market. One is the increasing need for businesses to be able to share and sync files across multiple devices and platforms. This is especially important as more and more employees are working remotely.
Another driver is the need for businesses to be able to protect their data. With EFSS, businesses can set up security protocols that will help to keep their data safe and secure. Finally, the growth of cloud storage is also a driver of the EFSS market. As businesses increasingly move to the cloud, they need a way to sync and share files that are stored there.
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Restraints & Challenges
The key restraints and challenges in Enterprise File Synchronization and Sharing (EFSS) market are:
Lack of awareness among enterprises: There is lack of awareness among enterprises about the benefits of EFSS solutions. This is one of the key challenges faced by the vendors in this market.
High initial investment: The initial investment required for deploying EFSS solutions is high. This is a major challenge for small and medium enterprises (SMEs), which are the major target market for EFSS vendors.
Threat of data breaches: The EFSS solutions store enterprise data in the cloud, which makes it vulnerable to data breaches. This is a major challenge for enterprises considering the deployment of EFSS solutions.
Market Segmentation:
Enterprise File Synchronization and Sharing (EFSS) Market is segmented into component, deployment type, organization size, industry vertical and region. Based on component the market is categorized into Solutions and Services. On the basis of deployment type, it is further segmented into Cloud and On-Premises. Based on organizational size it is segmented into Small & Medium-sized Enterprises and Large Enterprises. Based on industry vertical it is further segmented into BFSI, IT & Telecommunications, Government & Public Sector, Healthcare, Retail, Media & Entertainment, Transportation & Logistics and Others. Whereas based on region it is divided into North America,Europe,Asia-Pacific and Rest of the World .
Key Players
The Enterprise File Synchronization and Sharing (EFSS) Market Report includes players such as Box, Inc. (U.S), Dropbox, Inc. (U.S), Citrix Systems, Inc. (U.S), IBM Corporation (U.S), Egnyte, Inc. (U.S), Syncplicity LLC (U.S), BlackBerry Limited (Canada), ownCloud GmbH (Germany), Intralinks Holdings, Inc. (U.S) and CTERA Networks Ltd. (Israel), among others
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